In the first-tier cities, only Shenzhen housing prices fell
On November 1, the China Index Research Institute released the “100 Cities Price Index” for October 2020. The data showed that the average price of newly built houses in 100 cities across the country was 15,705 yuan per square meter, month-on-month Increased by 0.40%, the first-tier cities rose significantly. The average price of second-hand houses in Baicheng was 15,403 yuan/square meter, up 0.28% from the previous month.
In terms of newly-built commercial residential buildings, 73 cities out of the 100 cities increased month-on-month and 26 cities decreased month-on-month. an increase of 4 from the previous month. 1 city remained unchanged from the previous month. Among the rising cities, 4 cities experienced an increase of more than 1%; among the declining cities, one city experienced a decrease of more than 0.5%.
October 2020 New Housing Price Index in 100 Cities
First-tier cities rose 0.53% month-on-month and 3.73% year-on-year. Among them, the price of new houses in Beijing increased by 0.78%, Guangzhou increased by 0.53%, and Shanghai increased by 0.43%. Only Shenzhen’s housing prices fell in the four first-tier cities, about 0.19%.
The second-tier cities rose 0.34% month-on-month and 3.88% year-on-year; third-tier cities rose 0.33% month-on-month and 2.64% year-on-year. In addition, the Pearl River Delta and Yangtze River Delta regions have relatively high market activity. The top ten cities with the highest housing price increase in the 100 cities areDongguan,Xuzhou, Jiaxing,Jinhua,Xi’an,Haikou,Huizhou,Beijing,Ningbo,Nantong span>.
Some cities where housing prices are rising rapidly have introduced austerity policies to curb the rapid rise in housing prices. Xuzhou and Shaoxing both tightened the filing price management, and Xuzhou made it clear that the filing price cannot be adjusted within one year; Yinchuan introduced new regulations to strengthen the supervision of pre-sale funds to prevent transaction risks.
In addition, Beijing initiated three special inspections, including the implementation of housing purchase restrictions, supervision of commercial housing pre-sale funds, and housing lease contract filing to protect the legitimate rights and interests of the people and maintain the stability of the real estate market Healthy order.
From the perspective of market performance, the overall launch volume of key cities has remained high, and most cities have shown mediocre performance. Since July, the effect of tightening control policies in many places has gradually appear.
In terms of second-hand housing, in terms of the number of rising and falling cities, 58 cities have increased month-on-month, 39 cities have decreased month-on-month, and 3 cities remained unchanged from the previous month. This month, the month-on-month housing prices rose by more than 1% in 6 cities; among the falling cities, 5 cities fell by more than 0.5%.
October 2020 Baicheng Second-hand Housing Price Index
Zhongzhi Research Institute pointed out that in the future, the regulation of the property market will maintain a strict tone. Some cities with strong expectations of house prices and land prices may continue to strengthen the regulation, but the room for policy tightening is obviousReduce, or more use fine-tuning and overweighting methods to control the property market.